The Consumer Financial Protection Bureau (CFPB) and the U.S. Department of Education (USDE) announced Tuesday (Feb. 3) that it will be providing $480 million in forgiveness for borrowers who took out Corinthian College’s high-cost private student loans. As part of the agreement, the new owner of...
May 25, 2015
With financial oversight focused on legitimate banks, some less-than-kosher loan providers are reaping the benefits. Stemming from the recent release of the Financial Stability Oversight Council’s (FSOC) 2015 report, Bloomberg expands on the finding that the market for nonstandard — and therefore less supervised — lending companies is growing as restrictions increase for more established […]
February 04, 2015
The Consumer Financial Protection Bureau (CFPB) and the U.S. Department of Education (USDE) announced Tuesday (Feb. 3) that it will be providing $480 million in forgiveness for borrowers who took out...